S&P Global Ratings assigned its 'AA' rating and stable outlook to Hudson County, N.J.'s roughly $223.086 million series 2020 general obligation (GO) improvement bonds. Hudson County's full-faith-and-credit pledge to make principal-and-interest payments from the levy and collection of ad valorem taxes, without limit as to rate or amount, within its jurisdiction secures the bonds. Officials plan to use series 2020 bond proceeds to finance existing short-term debt permanently and fund various capital projects. The county's general creditworthiness reflects our view of its very strong economy with a growing property tax base and access to the New York City metropolitan statistical area (MSA), as well as strong reserves that increased to $58.5 million, or 9.2% of current fund expenditures, at fiscal
